Treasury yields could rise ‘really sharply’ if China starts selling, strategist says

Bond yields could be driven “sharply” higher if China deploys the so-called “nuclear option ” in its escalating trade war with the U.S., a senior strategist told CNBC Tuesday. Torchwood Capital Senior Advisor Giles Keating told CNBC’s “Squawk Box Europe” that Chinese excess savings had flooded into capital markets and had driven yields down. “If that is now reversed, because China stops buying all those Treasurys, then bond yields can, I’m afraid, move up really sharply,” he added. BlackRock hea


Bond yields could be driven “sharply” higher if China deploys the so-called “nuclear option ” in its escalating trade war with the U.S., a senior strategist told CNBC Tuesday. Torchwood Capital Senior Advisor Giles Keating told CNBC’s “Squawk Box Europe” that Chinese excess savings had flooded into capital markets and had driven yields down. “If that is now reversed, because China stops buying all those Treasurys, then bond yields can, I’m afraid, move up really sharply,” he added. BlackRock hea
Treasury yields could rise ‘really sharply’ if China starts selling, strategist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: elliot smith
Keywords: news, cnbc, companies, treasurys, rise, starts, sharply, really, told, strategist, treasury, squawk, president, driven, senior, yields, chinese, china, selling


Treasury yields could rise 'really sharply' if China starts selling, strategist says

China’s President Xi Jinping (C) sits with members of the Chinese delegation during a bilateral meeting with U.S. President Donald Trump (Not Pictured) at Trump’s Mar-a-Lago estate in Palm Beach, Florida, April 7, 2017.

Bond yields could be driven “sharply” higher if China deploys the so-called “nuclear option ” in its escalating trade war with the U.S., a senior strategist told CNBC Tuesday.

Torchwood Capital Senior Advisor Giles Keating told CNBC’s “Squawk Box Europe” that Chinese excess savings had flooded into capital markets and had driven yields down.

“If that is now reversed, because China stops buying all those Treasurys, then bond yields can, I’m afraid, move up really sharply,” he added.

While such a move could potentially trigger a massive rise in interest rates on U.S. government debt, causing plenty of damage to the U.S. economy as they are a benchmark for all sorts of loans, other analysts have suggested it is unlikely due to the pain it could inflict on home soil.

BlackRock head of Asian Credit, Neeraj Seth, told “Squawk Box Asia” Tuesday that while China may not be aggressively buying more U.S. government notes, it is not actively selling in the market either.

China still holds about $1.13 trillion of U.S. Treasurys, a 4% decline over a 12-month period, but that this is “nothing significant,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: elliot smith
Keywords: news, cnbc, companies, treasurys, rise, starts, sharply, really, told, strategist, treasury, squawk, president, driven, senior, yields, chinese, china, selling


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US-China dispute on tech will be a ‘multi-decade process’: Strategist

05:23 | 11:47 AM ET Wed, 1 May 2019


05:23 | 11:47 AM ET Wed, 1 May 2019
US-China dispute on tech will be a ‘multi-decade process’: Strategist Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07
Keywords: news, cnbc, companies, dispute, 0523, tech, et, strategist, process, 2019, uschina, multidecade, 1147


US-China dispute on tech will be a 'multi-decade process': Strategist

05:23 | 11:47 AM ET Wed, 1 May 2019


Company: cnbc, Activity: cnbc, Date: 2019-05-07
Keywords: news, cnbc, companies, dispute, 0523, tech, et, strategist, process, 2019, uschina, multidecade, 1147


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One ‘catch-the-falling-knife’ sector play could be a buying opportunity, Wells Fargo strategist says

The sharp sell-off has one strategist changing his tune on the sector. “We had, for a multiyear period, been underweight energy and that worked out really well,” Wells Fargo senior global equity strategist Scott Wren said Thursday on CNBC’s “Trading Nation ” show. Wells Fargo changed its sector allocation on energy to favorable from unfavorable on April 24. Since then, the XLE energy ETF has fallen 7%. Aside from energy, Wren favors financials, industrials, tech and consumer discretionary.


The sharp sell-off has one strategist changing his tune on the sector. “We had, for a multiyear period, been underweight energy and that worked out really well,” Wells Fargo senior global equity strategist Scott Wren said Thursday on CNBC’s “Trading Nation ” show. Wells Fargo changed its sector allocation on energy to favorable from unfavorable on April 24. Since then, the XLE energy ETF has fallen 7%. Aside from energy, Wren favors financials, industrials, tech and consumer discretionary.
One ‘catch-the-falling-knife’ sector play could be a buying opportunity, Wells Fargo strategist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: keris lahiff
Keywords: news, cnbc, companies, earnings, catchthefallingknife, wells, wren, strategist, sp, fargo, opportunity, sector, really, xle, underweight, market, analysts, play, buying, energy


One 'catch-the-falling-knife' sector play could be a buying opportunity, Wells Fargo strategist says

Energy stocks are at the bottom of the barrel.

The sector has slipped 4% in the past month, the worst performer of the S&P 500, shut out of the broad market rally that pushed the index to new highs.

The sharp sell-off has one strategist changing his tune on the sector.

“We had, for a multiyear period, been underweight energy and that worked out really well,” Wells Fargo senior global equity strategist Scott Wren said Thursday on CNBC’s “Trading Nation ” show. “But recently here, if you look at things like return on equity, … if you look at things like the energy sector dropped to being only 5% of the total market cap of the S&P 500 which is really a multidecade low, we had felt that our underweight position was no longer warranted.”

Wells Fargo changed its sector allocation on energy to favorable from unfavorable on April 24. Since then, the XLE energy ETF has fallen 7%.

However, Wren says investors and analysts have been too pessimistic on energy stocks, and expectations need to be recalibrated.

“When oil came off and dropped down into the mid-$40s [a barrel] last fall we thought that analysts reduced their earnings estimates way too much. They really haven’t boosted them back to reflect this close to $60+ level,” said Wren.

At the end of December, analysts surveyed by FactSet estimated full-year 2019 earnings growth on the XLE of 7%. By the beginning of May, full-year earnings estimates had been slashed to forecast a decline of 9%.

“You could make the argument that this was kind of a catch-the-falling-knife sort of call, but it looked cheap and we wanted to stick our toe in the water. So that’s what we did,” said Wren.

Aside from energy, Wren favors financials, industrials, tech and consumer discretionary. The financials, technology and discretionary sectors have outperformed the market over the past month with a gain of more than 3% compared with the S&P 500’s 2% increase; the industrials have slightly lagged overall gains with a 1% advance.


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: keris lahiff
Keywords: news, cnbc, companies, earnings, catchthefallingknife, wells, wren, strategist, sp, fargo, opportunity, sector, really, xle, underweight, market, analysts, play, buying, energy


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Forex traders see a positive Brexit outcome happening, strategist says

08:27 |10:56 AM ET Wed, 1 May 2019


08:27 |10:56 AM ET Wed, 1 May 2019
Forex traders see a positive Brexit outcome happening, strategist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02
Keywords: news, cnbc, companies, 2019, positive, 0827, traders, outcome, forex, happening, brexit, et, 1056, strategist


Forex traders see a positive Brexit outcome happening, strategist says

08:27 |

10:56 AM ET Wed, 1 May 2019


Company: cnbc, Activity: cnbc, Date: 2019-05-02
Keywords: news, cnbc, companies, 2019, positive, 0827, traders, outcome, forex, happening, brexit, et, 1056, strategist


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Brexit puts off international flows into the UK, strategist says


Brexit puts off international flows into the UK, strategist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-01
Keywords: news, cnbc, companies, brexit, uk, international, strategist, flows, puts


Brexit puts off international flows into the UK, strategist says


Company: cnbc, Activity: cnbc, Date: 2019-05-01
Keywords: news, cnbc, companies, brexit, uk, international, strategist, flows, puts


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Globalization is waning, and a US-China trade deal won’t solve that, strategist says

Globalization is waning, and a U.S.-China trade deal would do nothing to reverse that phenomenon, according to a global investment strategist. Peak globalization has actually already come and gone, according to David Roche, president and global strategist at London-based Independent Strategy. “Globalization is on a back foot, it’s not the trade deal with China, a trade deal agreement which would flip the switch and turn on the motor again — the damage has been done,” he added. “There is no way g


Globalization is waning, and a U.S.-China trade deal would do nothing to reverse that phenomenon, according to a global investment strategist. Peak globalization has actually already come and gone, according to David Roche, president and global strategist at London-based Independent Strategy. “Globalization is on a back foot, it’s not the trade deal with China, a trade deal agreement which would flip the switch and turn on the motor again — the damage has been done,” he added. “There is no way g
Globalization is waning, and a US-China trade deal won’t solve that, strategist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: sue-anne tang
Keywords: news, cnbc, companies, china, grow, going, strategist, deal, trade, wont, come, waning, global, solve, globalization, president, uschina, roche


Globalization is waning, and a US-China trade deal won't solve that, strategist says

Globalization is waning, and a U.S.-China trade deal would do nothing to reverse that phenomenon, according to a global investment strategist.

Peak globalization has actually already come and gone, according to David Roche, president and global strategist at London-based Independent Strategy.

“The actual reversal of globalization started over seven years ago,” well before the rise of U.S. President Donald Trump, as countries worldwide instituted more protectionist policies, Roche told CNBC’s “Squawk Box” last week.

In fact, even China — whose leaders are now some of the loudest proponents of global systems — will see most of its future growth come from domestic pursuits, he projected.

“Globalization is on a back foot, it’s not the trade deal with China, a trade deal agreement which would flip the switch and turn on the motor again — the damage has been done,” he added. “There is no way going forward that China is able to grow by using international trade. It is going to grow more domestically.”


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: sue-anne tang
Keywords: news, cnbc, companies, china, grow, going, strategist, deal, trade, wont, come, waning, global, solve, globalization, president, uschina, roche


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S&P 500 could pop another 15% on top of recent new highs, says closely followed strategist

Wall Street veteran Jim Paulsen believes stocks could continue to surge well past their recent recovery to the all-time highs that were last seen before the late-2018 market collapse. With first-quarter earnings season about halfway done, 77% of companies beat those lower expectations, 6% met and 17% missed. “As we get into summer and start reporting second-quarter earnings, we’ll have not … ‘much better than feared’ but maybe just good, better earnings,” argued Paulsen, saying 3,400 on the S&


Wall Street veteran Jim Paulsen believes stocks could continue to surge well past their recent recovery to the all-time highs that were last seen before the late-2018 market collapse. With first-quarter earnings season about halfway done, 77% of companies beat those lower expectations, 6% met and 17% missed. “As we get into summer and start reporting second-quarter earnings, we’ll have not … ‘much better than feared’ but maybe just good, better earnings,” argued Paulsen, saying 3,400 on the S&
S&P 500 could pop another 15% on top of recent new highs, says closely followed strategist Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: matthew j belvedere
Keywords: news, cnbc, companies, highs, recent, closely, paulsen, record, 500, better, months, 15, pop, worry, sp, second, strategist, stocks, followed, earnings, strength


S&P 500 could pop another 15% on top of recent new highs, says closely followed strategist

Wall Street veteran Jim Paulsen believes stocks could continue to surge well past their recent recovery to the all-time highs that were last seen before the late-2018 market collapse.

“The second driver for this rally in the second half of the year” could be “better earnings” in addition to continued strength in the economy, the chief investment strategist at Leuthold Group told CNBC on Monday, following the S&P 500’s fresh all-time closing high Friday. The index Tuesday logged its first record since September. So far in 2019, the index was up more than 10%, including a new intraday high Monday.

Paulsen characterized corporate earnings for the first three months of 2019 as “much better than feared,” pointing out the earnings recession that many were concerned about at the beginning of the year did not and likely won’t materialize. With first-quarter earnings season about halfway done, 77% of companies beat those lower expectations, 6% met and 17% missed.

“As we get into summer and start reporting second-quarter earnings, we’ll have not … ‘much better than feared’ but maybe just good, better earnings,” argued Paulsen, saying 3,400 on the S&P 500 could be a real possibility. That would represent a 15% advance from Friday’s record finish and a whopping 44% premium to the index’s bruising low on Christmas Eve.

Last Monday, Paulsen put out a note that argued the market’s so-called Worry Gauge shows that, despite this year’s strength, investors remain really scared. And, perhaps counterintuitively, that could drive stocks higher.

Looking at stocks’ forward performance since 1970, when the Worry Gauge was in the top quintile, as it is now, the S&P 500 pulled off an 18.48% annualized return within three months, or 4.33% nonannualized, Paulsen wrote. What’s more, there has only been a 25% chance of a loss within 13 weeks, he added.


Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: matthew j belvedere
Keywords: news, cnbc, companies, highs, recent, closely, paulsen, record, 500, better, months, 15, pop, worry, sp, second, strategist, stocks, followed, earnings, strength


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Deutsche chief strategist Binky Chadha: Buy the dip in health care


Deutsche chief strategist Binky Chadha: Buy the dip in health care Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29
Keywords: news, cnbc, companies, deutsche, dip, buy, health, care, binky, chief, chadha, strategist



Company: cnbc, Activity: cnbc, Date: 2019-04-29
Keywords: news, cnbc, companies, deutsche, dip, buy, health, care, binky, chief, chadha, strategist


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SEC: ‘Primary strategist’ in $27 million ‘lucrative market manipulation’ case plans to settle

Florida businessman Barry Honig plans to settle charges brought by the Securities and Exchange Commission, the SEC said, in what it called “classic pump-and-dump schemes” when the charges were announced. The SEC filed a motion on Friday afternoon requesting an extension of time. “This week, Defendant Honig and the Commission staff reached an agreement in principle to settle the Commission’s claims for liability,” the motion said. Honig’s company GRQ was also charged and is included in the propos


Florida businessman Barry Honig plans to settle charges brought by the Securities and Exchange Commission, the SEC said, in what it called “classic pump-and-dump schemes” when the charges were announced. The SEC filed a motion on Friday afternoon requesting an extension of time. “This week, Defendant Honig and the Commission staff reached an agreement in principle to settle the Commission’s claims for liability,” the motion said. Honig’s company GRQ was also charged and is included in the propos
SEC: ‘Primary strategist’ in $27 million ‘lucrative market manipulation’ case plans to settle Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-26  Authors: jennifer schlesinger scott zamost, ritika shah, jennifer schlesinger, scott zamost
Keywords: news, cnbc, companies, million, manipulation, primary, case, motion, principle, lucrative, honig, charges, settlement, strategist, plans, commission, settle, market, sec, extension, week


SEC: 'Primary strategist' in $27 million 'lucrative market manipulation' case plans to settle

Florida businessman Barry Honig plans to settle charges brought by the Securities and Exchange Commission, the SEC said, in what it called “classic pump-and-dump schemes” when the charges were announced. The SEC filed a motion on Friday afternoon requesting an extension of time.

“This week, Defendant Honig and the Commission staff reached an agreement in principle to settle the Commission’s claims for liability,” the motion said.

Honig’s company GRQ was also charged and is included in the proposed settlement. The extension of time was requested to allow the SEC to obtain “approval of a settlement in principle,” according to the latest filing.


Company: cnbc, Activity: cnbc, Date: 2019-04-26  Authors: jennifer schlesinger scott zamost, ritika shah, jennifer schlesinger, scott zamost
Keywords: news, cnbc, companies, million, manipulation, primary, case, motion, principle, lucrative, honig, charges, settlement, strategist, plans, commission, settle, market, sec, extension, week


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Markets are underplaying the risk of the UK government imploding, strategist says

Investors are underestimating the potential for the U.K. government to “implode,” resulting in a snap general election, a senior foreign exchange strategist told CNBC. Such an eventuality would have hit the pound by as much as 10%, according to Jeremy Stretch, the head of G-10 currency strategy at CIBC. Consequently, bets against the pound — known as short-selling — have pared to nine-month lows, but analysts still remain bearish on the outlook for sterling in all Brexit eventualities. Stretch p


Investors are underestimating the potential for the U.K. government to “implode,” resulting in a snap general election, a senior foreign exchange strategist told CNBC. Such an eventuality would have hit the pound by as much as 10%, according to Jeremy Stretch, the head of G-10 currency strategy at CIBC. Consequently, bets against the pound — known as short-selling — have pared to nine-month lows, but analysts still remain bearish on the outlook for sterling in all Brexit eventualities. Stretch p
Markets are underplaying the risk of the UK government imploding, strategist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: elliot smith, sean gallup, getty images news, getty images
Keywords: news, cnbc, companies, remains, pound, westminster, stretch, risk, strategist, markets, imploding, risks, remain, underplaying, potential, sterling, uk, brexit, weeks


Markets are underplaying the risk of the UK government imploding, strategist says

Investors are underestimating the potential for the U.K. government to “implode,” resulting in a snap general election, a senior foreign exchange strategist told CNBC.

Sterling volatility has fallen sharply in recent weeks after Brussels and Westminster agreed to delay Britain’s departure date by up to six months, removing any immediate risks of a no-deal Brexit. Such an eventuality would have hit the pound by as much as 10%, according to Jeremy Stretch, the head of G-10 currency strategy at CIBC.

Consequently, bets against the pound — known as short-selling — have pared to nine-month lows, but analysts still remain bearish on the outlook for sterling in all Brexit eventualities. The pound has gained nearly 2% on the dollar since the turn of the year but it started this week below $1.30 as the British parliament returned from its Easter break.

Stretch pointed to a lack of substantive progress in negotiating the stalemate between the Conservative government and the opposition Labour Party as driving this caution.

“Ongoing political uncertainty raises the prospect of a perpetuation of precautionary saving (at the expense of spending) and postponement in business investment, impacting underlying growth potential,” Stretch said

“The risk of the Brexit process extending towards October 31 risks taking the Bank of England out of the equation in 2019, underlining that for now, ongoing Brexit paralysis favors significant sterling impetus proving to be delayed, if not yet derailed.”

Stretch suggested that a negotiated exit remains the most likely outcome, and although the timing of such an event remains unclear, the tail risks of a hard Brexit remain modest.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: elliot smith, sean gallup, getty images news, getty images
Keywords: news, cnbc, companies, remains, pound, westminster, stretch, risk, strategist, markets, imploding, risks, remain, underplaying, potential, sterling, uk, brexit, weeks


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